How Business Owners Use The Augusta Rule For Tax-free Income
The Augusta Rule, IRS Code § 280A, allows you to rent your home for up to 14 days without reporting the income on your taxes. In addition, your business can deduct the cost of renting the space as a business expense.
The Core 4 Portfolio
The Core 4 Portfolio, developed by Rick Ferri, is one of my favorite model portfolios for young accumulators & DIY investors due to its simplicity, diversification, and low cost.
IRS Announces 2025 Retirement Plan Limits
The IRS has released the adjustments for 2025 that affect the amounts employees can contribute to 401(k) plans and individual retirement accounts (IRAs).
Active ETFs Are A Joke
Growth Stocks FTW!!! For the first half of 2024, large cap growth stocks in the U.S. returned over +23%, the best performing asset class by far.
Year End Tax Planning
Only 73 days left until the end of the year! Below are some tax savings strategies that you will want to take advantage of before year end.
Growth Stocks FTW!!!
Growth Stocks FTW!!! For the first half of 2024, large cap growth stocks in the U.S. returned over +23%, the best performing asset class by far.
I Thought The 60/40 Portfolio Was Dead??
I Thought The 60/40 Portfolio Was Dead?? At least that’s what the financial media was saying in 2022 when the 60/40 was having its worst year in past 50 years, returning -17.8%.
Cash Balance Plans
Business owners are using Cash Balance Plans to significantly reduce income taxes and supercharge retirement savings.
Why You Need An Estate Plan
Without an estate plan in place, your assets will have to go through probate court. California has one of the highest probate fees in the country.
HSA & HDHP Increases For 2025
The IRS released Revenue Procedure 2024-25 to provide the inflation-adjusted limits for health savings accounts (HSAs) and high deductible health plans (HDHPs) for 2025.
The Case For Muni Bonds
How about a 6.40% yield* for a AA rated school district? Sounds interesting, right? If you are a small business owner in California, looking for passive income, and tired of being gouged by taxes, consider California Municipal Bonds
An Update on I-Bonds
Remember when I-bonds were all the rage?? If you purchased I-bonds in August of 2022 when a popular investing website article declared "Run, Don't Walk, for I-Bonds," your investment would be yielding 2.96% right now.
Independent Contractor vs. Employee
Do I have independent contractors or full-time employees? If you hired workers for your business, knowing the difference between these two designations is critical. The Department of Labor final rule on independent contractors went into effect on March 11th. Full-time employees are entitled to minimum wage, overtime pay, and other benefits.
California Business Tax Climate In 2024
California’s corporate tax system ranks 48th according to the Tax Foundation. The Tax Index has 5 different components, and CA ranks poorly in most of them.
New CA Employment Laws For 2024
What do marijuana and equal wages have in common? They are now both protected by law in CA.
Business Interruption Insurance
As an advisor to small business owners, I look at all components of your business to see where the blind spots are. Business interruption insurance is one area that is commonly overlooked.
FTC Bans Noncompete Agreements
Considering launching your own small business?? The FTC just banned noncompete agreements, making it easier for you to break away from your desk job.
New Reporting Requirements For Business Owners
ATTN: Small Business Owners - The new Beneficial Ownership Information (BOI) Report is due to FinCen by the end of 2024.
Small Business 401k Tax Credits
🙋♀️ 🙋♂️ Who likes free money?? ✋✋ How 'bout government tax credits for your small business 401k plan? Secure ACT 2.0 did exactly that!
Hiring Your Kids
If you run a sole proprietorship, hiring your kids to work in your business has several tax advantages. First, make sure the work they are doing and the wage you are paying them is reasonable.